Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Short Interest Update

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,773 shares, a growth of 881.4% from the June 15th total of 1,811 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 95,629 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Crown Reserve Acquisition Corp. I Stock Performance

Shares of Crown Reserve Acquisition Corp. I stock opened at $10.13 on Monday. Crown Reserve Acquisition Corp. I has a 52 week low of $9.89 and a 52 week high of $10.15. The company has a fifty day simple moving average of $10.10.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Trading of Crown Reserve Acquisition Corp. I

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. acquired a new position in Crown Reserve Acquisition Corp. I during the fourth quarter worth $14,811,000. Magnetar Financial LLC acquired a new stake in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at $14,761,000. Lineage Point Capital LP acquired a new stake in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at $7,614,000. Westchester Capital Management LLC purchased a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at $6,063,000. Finally, Crossingbridge Advisors LLC purchased a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at $5,973,000.

Crown Reserve Acquisition Corp. I Company Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank?check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital?raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.